Where to state the "income of share of income received from a partneship firm" in ITR -4?
CA L. Ram Kumar (asst manager) (42 Points)
04 September 2008Where to state the "income of share of income received from a partneship firm" in ITR -4?
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 05 September 2008
It is fully exempted income in the hands of partners.
Sangam
(CA)
(1329 Points)
Replied 04 October 2008
as it is taxable on individual basis it is not taxable thereafter. double taxation notallowed.
CAclubindia
